소개글
[해외지역] INDIA 인도 지역연구(영문)에 대한 자료입니다.
목차
Ⅰ. ECONOMIC ENVIRONMENT
Ⅱ. TRADE POLICY REGIME : FRAMEWORK AND OBJECTIVES
III. trade policies and practices by measure
본문내용
Ⅰ. ECONOMIC ENVIRONMENT
1) OVERVIEW
1. India's real GDP 6%→9%(2006/07) since the liberalization process began in 1991. it has become increasingly involved in bilateral and regional trade agreements.
2. Constituting impediments to improved productivity and thus hampering exports and deterring inward FDI.
3. High growth has improved positive effects(infant mortality declining, literacy levels, sanitation conditions, and access to clean water)
2) RECENT ECONOMIC DEVELOPMENTS
ⅰ) Economic performance
4. Growth has been fuelled by the services and manufacturing sector. but growth in the agriculture sector remains sluggish.
5. Growing domestic demand together with increasing commodity and oil prices have resulted in inflation and widening trade deficits. While international petroleum prices have risen, domestic prices have not following suit due to the subsidy. so Inflation is also somewhat suppressed.
6. Foreign exchange reserves continued to show robust growth.
7. Growth in goth output and TFP(Total factor productivity) has been much faster in the services sector than in industry. By contrast, growth in output and TFP in agriculture has slowed.
ⅱ) Macroeconomic policies
a) Monetary policy
8. The objectives of monetary policy in India are to maintain price stability and ensure adequate flow of credit to the productive sectors of the economy.
9. Once the inflationary pressure has risen, RBI(Reserve Bank of India) raise interest rates.